Senior Legal Analyst

T. Rowe Price Owings Mills , MD 21117

Posted 2 weeks ago

Our mission as a leading investment management firm is to help our clients achieve their long-term financial goals. We believe our associates are the key to this mission and we are always looking for talented individuals who share our commitment to our client's success.

If you're looking for challenging work experiences and the ability to learn in a collaborative culture, we invite you to explore the opportunities available at T. Rowe Price.

PRIMARY PURPOSE OF THE POSITION

The Senior Legal Analyst supports Senior Legal Counsel on a variety of legal and compliance matters. Incumbents identify, research, analyze, comment on and monitor legal issues and legal documents pertaining to their area of expertise.

Further, this position may be tasked with contract responsibilities associated with position's area of expertise. This may include the review and drafting of routine agreements, amendments, and other related documents; and assisting Senior Legal Counsel with negotiation of agreements. This is the second exempt level in the Legal Specialist/Legal Analyst job progression and requires incumbents to work independently and/or with minimum supervision to accomplish the objectives set by Senior Legal Counsel.

The position is distinguished from the Legal Analyst by its autonomous nature of and greater authority with which to make recommendations to the Senior Legal Counsel, respond to regulatory inquiries, and provide consultative services to the business unit on applicable legal matters. Incumbents are expected to resolve most problems through the application of judgment and precedent, only referring decisions with significant impact for review and authorization by higher level staff or Senior Legal Counsel. Works under minimal supervision.

Depending on assignment, this position may supervise. This position may act as a project lead and coordinate work of other lower level Legal Analysts and/or Legal Specialists and associates in other business units, as appropriate. This particular position will focus in the area of subadvisory legal and reporting requirements, including the completion of subadvisory annual, quarterly, and monthly due diligence and contract renewal questionnaires; review of marketing materials and other regulatory documents (registration statements, proxy statements, and documents used to complete financial statements); and responding to ad hoc requests from subadvised clients and other business units.

PRINCIPAL RESPONSIBILITIES
1.Conducts reviews with consultation from Senior Legal Counsel during the negotiation of contracts and agreements, and conducts the review of documents and determines areas that do not meet TRP standards. For issues involving fees and payments, works directly with business units to make recommendations and suggests course of action to come to agreement on provision. Creates amendments to existing contracts that are consistent with both TRP and client standards.
2.Responds to requests from subadvised clients to satisfy regulatory requirements, including materials related to contract renewal, quarterly and monthly questionnaires, review of annual registration statements, and documentation in response to inquiries from regulatory requests as well as questions about the firm's policies, procedures, and guidelines to ensure compliance with applicable laws, rules and regulations. Coordinates with subadvised clients or other outside parties when issues arise, and ensures filings are accurate and complete prior to submission.
3.Drafts legal documents such as subadvisory agreements and amendments to agreements, confidentiality agreements, and other side letters. Works with portfolio management to draft disclosure for subadvised registration statements.
4.Works directly with the business unit to review advertising material, correspondence, requests for proposals and other documents to ensure these materials meet the legal requirements and comply with rules of various regulatory authorities.
5.Analyzes and researches subadvised policy and procedure documents to determine differences between subadvised and TRP policies. Works directly with the clients and the appropriate business units to resolve inconsistencies. Continually monitors subadvised policies for changes and presents any novel issues to Senior Legal Counsel for resolution. Understands business implications of changes in policies and procedures and advises businesses of such changes.

QUALIFICATIONS

Required

  • College degree and 1 year of related work experience, or Associate degree and 3 years related work experience, or High School diploma/equivalent and 5 years related work experience.

  • Ability to represent firm to outside clients

  • Ability to build positive relationships with individuals at all levels

  • Excellent interpersonal and influencing skills

  • Analytical skills allied with creative thinking

  • Must be able to work under pressure and produce results without close supervision

  • Excellent organizational skills

  • Ability to adapt to ever changing regulatory environment

Preferred

  • An additional 2-3 years of previous regulatory, industry, and/or paralegal experience, preferably some prior working relationship with subadvised clients.

T. Rowe Price is an Equal Opportunity Employer



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Senior Legal Analyst

T. Rowe Price